My understanding is that the issue of WPL shares will be treated like any other dividend, i.e added to your assessable income in a month's time and you'll pay tax on it.
Which seems unfair because you're going to be taxed AGAIN when you sell those shares. And you could have theoretically sold $10k of BHP and then after the demerger buy $10k of WPL without paying a cent in tax (assuming you're in the red like me).
Basically paying income tax just to move some value from one ticker to another. Silly.
Am I completely wrong here?
Woodside Demerger - What are the benefits ?, page-123
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Last
$42.66 |
Change
-0.040(0.09%) |
Mkt cap ! $216.3B | |||
| Open | High | Low | Value | Volume |
| $42.65 | $42.85 | $42.50 | $345.8M | 8.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7200 | $42.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.67 | 2000 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |